Project details: New construction on former highway parcel that will link to developer’s existing property at 39 Pike St. in Fox Point. Project will include 47 luxury, high-end apartments; 24,150 square feet of commercial and retail space in two buildings, the new and the existing building.

Development firm: Royal Oaks Realty, LLC, of Providence

Lead developer: Richard P. Baccari II

Commerce Incentives:

Rebuild Rhode Island tax credits: $2,517,174

Is project expected to repay at least a portion of those Rebuild credits over time, if it’s financially successful? Yes.

Sales-tax exemption with Rebuild credits? $404,600. This sales-tax exemption when purchasing construction materials, furnishings and equipment is in addition to the Rebuild credits.